Amendment to Arrangement Agreement Signed by Better Choice Company Inc. and SRx Health Solutions Inc.

Better Choice Company Inc. (NASDAQ: BTTR) recently entered into an Amendment to the Arrangement Agreement with SRx Health Solutions Inc., marking a significant step in its ongoing acquisition process. The formal agreement was signed on January 24, 2025, amending the existing Arrangement Agreement with SRx.

The Amendment, labeled Amendment No. 2, includes modifications to the initial Arrangement Agreement reached between Better Choice, SRx, and their subsidiaries. These changes are aimed at refining the terms and conditions under which Better Choice will acquire SRx in an all-stock transaction through a statutory arrangement under Canadian law.

Key adjustments outlined in the Amendment involve shifting the Outside Date – a critical term in the Arrangement Agreement – from January 31, 2025, to February 28, 2025. Additionally, a reference to the Effective Date was replaced with a reference to the Record Date to appropriately identify the Company stockholders eligible for equity interests in the Spin-Out SPV related to the Spin-Out incorporated in the Agreement.

Further attesting to the significance of the Amendment, both boards of directors at Better Choice and SRx unanimously approved the transaction. Finalizing the acquisition is contingent upon meeting customary closing conditions, such as approval from the stockholders of both companies, regulatory consents, and a clear absence of adverse effects on either party.

The Arrangement Agreement filed with this Amendment serves to inform investors and security holders about the transaction’s terms. It’s crucial to note that this document primarily offers insights into the agreement’s scope and does not present any additional factual information about the involved companies.

It’s essential to approach this announcement with an understanding of the forward-looking statements associated with such transactions. While management bases these statements on existing expectations, they are subject to inherent risks and uncertainties. Factors such as securing future capital, economic conditions, industry competition, and other variables may impact the ultimate results of the transaction.

For a comprehensive understanding of the amended Agreement and its implications, interested parties are directed to the full text of the Arrangement Agreement and the Amendment, detailed as Exhibit 10.1 and Exhibit 10.2, respectively, in the filing.

Upon the completion of this acquisition, Better Choice anticipates forming Amalco, an indirect wholly-owned subsidiary, aimed at leveraging synergies and propelling growth in line with its strategic objectives.

This news release unveils a pivotal development in Better Choice’s strategic plan, modifying key aspects of the acquisition process and setting the stage for a transformative business venture. Investors and stakeholders are encouraged to follow the subsequent steps post-Amendment to track the progression of this potentially impactful alignment.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Better Choice’s 8K filing here.

About Better Choice

Better Choice Company Inc operates as a pet health and wellness company. Its products portfolio includes naturally formulated kibble and canned dog and cat foods, freeze-dried raw dog foods and treats, vegan dog foods and treats, oral care products and supplements, as well as toppers, dental products, and chews.